Uch Tha


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Uch Tha
Location: Phnom Penh, Cambodia
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $500.00
Loan Use: To build more rooms to earn more rental income
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 15, 2007
Date Disbursed: Jul 29, 2007
Date Funded:Jul 15, 2007
Loan Ended:Dec 13, 2007

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:United States Dollars (USD)



Mrs. Uch Tha is a widow with one child. She is 47 years old and lives in Phnom Penh, Cambodia. To make a living condition, Uch Tha rents the different rooms of her house to the garment workers in her area, from which she earns five dollar a day. Recently, Uch Tha has faced an increased demand for rooms and therefore is requesting a loan of five hundred dollars to build more.



About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Lenders to this entrepreneur

Raymond
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Carmen
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The Power of We
Minneapolis, MN
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Journal entries for Uch Tha


Loan has been disbursed
 
Entrepreneur: Uch Tha
Location: Phnom Penh, Cambodia

Thank you for your loan. It has been disbursed to Uch Tha by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 12 - 18 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Phnom Penh, Cambodia
Jul 30, 2007
Comment on this entry

Early Repayment!
 
Entrepreneur: Uch Tha
Location: Phnom Penh, Cambodia

Dear Kiva Lender,

Great news! Uch Tha has repaid the Kiva loan early! Kiva and CREDIT MFI make every effort to be as transparent as possible so you can trust the information we give you. In this case, we didn’t let you know that the loan had been repaid at the time. Occasionally, when a loan is repaid early, the payment schedule posted on Kiva doesn’t always match the records of our micro finance partner in Cambodia, CREDIT MFI. As in life, the system doesn’t always run perfectly, but when there is a discrepancy we will alert you as soon as possible so you have all the information about your investment.

On the upside, the issue occurred because the client’s business is so successful! Your loan made that possible. Soon you will see a repayment posted on the client’s profile that is larger than the usual amount. This will end the loan and return the funds to your account. We hope you will choose to loan the repaid funds to another entrepreneur who would a like a chance to grow their business as well.

If you have any questions, please post them as a comment on this borrowers site and I will be happy to respond. I also encourage you to write comments on the pages of your loan recipients so we can pass along your good wishes to the borrowers.

We sincerely apologize for the oversight and are putting policies in place to make sure that it doesn’t happen again. Thank you for giving poor entrepreneurs in Cambodia a chance at success!

Best regards,

Jordyan Edmiston, Kiva Fellow, Cambodia

Mr. Chan Mach, General Manager, CREDIT MFI, Cambodia


Posted by Jordyan Edmiston from Phnom Penh, Cambodia
Dec 13, 2007
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Kiva Help Repayment Schedule for Uch Tha

  Expected Repayments Actual Repayments Comments
October 2007 $41.67 $42.00 Repayment Received
November 2007 $41.67 $42.00 Repayment Received
December 2007 $41.67 $42.00 Repayment Received
January 2008 $41.67 $42.00 Repayment Received
February 2008 $41.67 $332.00 Repayment Received
March 2008 $41.67 $0.00 Repayment Received
April 2008 $41.67 $0.00 Repayment Received
May 2008 $41.67 $0.00 Repayment Received
June 2008 $41.67 $0.00 Repayment Received
July 2008 $41.67 $0.00 Repayment Received
August 2008 $41.67 $0.00 Repayment Received
September 2008 $41.63 $0.00 Repayment Received